1 / 8

Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023

The report "Robotic Drilling Market Application (Onshore and Offshore), Installation (New Builds and Retrofits), Components (Hardware and Software), and Region (North America, Asia Pacific, Europe, Middle East) - Global Forecast to 2023", The robotic drilling market is expected to grow from an estimated USD 658.0 Million in 2018 to USD 923.3 Million by 2023, at a CAGR of 7.01% from 2018 to 2023. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher efficiency drilling and improved safety in rigs.<br>

Akshay0212
Download Presentation

Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Robotic Drilling Market by New Innovations, Technology And Research 2018, Forecasts till 2023 www.MarketsandMarkets.com

  2. The report "Robotic Drilling Market Application (Onshore and Offshore), Installation (New Builds and Retrofits), Components (Hardware and Software), and Region (North America, Asia Pacific, Europe, Middle East) - Global Forecast to 2023", The robotic drilling market is expected to grow from an estimated USD 658.0 Million in 2018 to USD 923.3 Million by 2023, at a CAGR of 7.01% from 2018 to 2023. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher efficiency drilling and improved safety in rigs. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=227235522

  3. “The onshore application is expected to hold a larger share of the robotic drilling market during the forecast period.” The onshore segment accounted for a larger market for robotic drilling, based on application, in 2017. Globally ~70% of the oil and gas production takes place at onshore oil and gas fields. These fields require less capital investment in comparison with offshore fields and the costs related to automation in these fields are relatively low. Formations in onshore wells are more stable during the drilling process than those in offshore; therefore, the adoption of automation in such areas is faster for improving the drilling efficiency. The market for onshore robotic drilling systems is expected to grow at a significant rate in the coming years. The US and China with vast onshore reserves present ample opportunities for the providers of onshore robotic drilling systems. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=227235522

  4. Browse >> 68 market data tables 30 figures 111 pagesand in-depth TOC on “Robotic Drilling Market” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. “North America is expected to be the fastest-growing robotic drilling market.” In this report, the robotic drilling market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World. North America is expected to be the largest and fastest-growing market, based on region, during the forecast period. The increased shale gas production and faster adoption of advanced technologies in drilling drive the growth of the robotic drilling market in the region. Asia Pacific is expected to be the second fastest-growing region in the robotic drilling market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some top players in the robotic drilling market, including Nabors (US), Precision (Canada), Weatherford (Switzerland), Huisman (Netherlands), and National Oilwell Varco (US). Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=227235522

  6. Target Audience: • Drilling equipment manufacturers and suppliers • Exploration and production companies • National and international drilling associations • Oilfield services providers • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=227235522

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the market. These include • National Oilwell Varco • Weatherford International • Nabors – Rds • Ensign Energy Services • Huisman • Drillmec • Precision Drilling • Sekal • Abraj Energy • Drillform Technical • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=227235522

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

More Related